Section 9 of the Banking Regulation Act prohibits the banking Companies from holding any immovable property except for its own use for a period of not more property. The RBI may extend this period for a further period of :

Related MCQs

• Companies whose main business is not financing or lending are permitted to accept deposits under section 45(s) of RBI Act only from:
• The Co-operative bank is governed by the banking regulation Act 1949 and co-operative societies Act of
• Banking Regulation Act, 1949, does not at all apply to
• Under the Banking Regulation Act, 1949, which of the following is not qualified to be called as banks in the co-operative sector?
• Indian Banking Regulation Act was passed in the year?
• Who headed the RBI panel that has submitted its report titled 'Data Format for Furnishing of Credit Information to Credit Information Companies'.
• Consider these Statement I – Other than Rs. 1000 note, the security threads of the banknotes contain the word ‗Bharat‘ in Devanagari script and ‗RBI‘ alternatively. Statement II – In Rs. 1000 note, the security contains the word ‗Bharat‘ in Devanagari ‗1000‘, and ‗RBI‖.
• Consider these statements:- Statement I – RBI decides volume and value of banknotes to be Statement II – RBI decides volume and value coins to be minted.
• To maintain price stability, while keeping in mind the objective of growth, RBI Act 1934 has been amended by the finance Act, 2016 to provide for a statutory and institutionalized framework for MPC. In this context, MPC stands for .
• A promissory note that is not secured by any collateral or not secured by a mortgage or lien marked on any property is instrument.